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JPMorgan raised its price target for a bitcoin miner following the announcement of a $9.1 billion deal with Anthropic.

Validates the premium valuation multiple assigned to miners who successfully secure multi-billion dollar AI compute contracts with top-tier LLM developers.
Trade pressSlicast · August 18, 2026 · US · Source: Google News
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JPMorgan raised its price target for a bitcoin miner following the announcement of a $9.1 billion deal with Anthropic.

Validates the premium valuation multiple assigned to miners who successfully secure multi-billion dollar AI compute contracts with top-tier LLM developers.

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In-depth analysis
CommentaryAnthropic Locks In $45 Billion with Nscale as Compute Ambitions and IPO Countdown ConvergeCommentaryAnthropic's $45 Billion Compute Deal With Nscale Marks Infrastructure-Led Path to IPO
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JPMorgan raised its price target for a bitcoin… · Slicast